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2008-08-18 12:00:16

Software supplier Red Hat is racking up growth figures that much of techdom might envy. Sales rose 32%, to $157 million, in the quarter ended May 31, and profits climbed a respectable 7%. So why is Wall Street so bearish on the stock? A day after Red Hat (RHT) reported results, Oppenheimer & Co.


Word of the Day
gazingstock
  • A person or thing gazed at with wonder or curiosity, especially of a scornful kind.
The 'stock' of 'gazingstock' comes from an Old English word meaning 'tree trunk' or 'wood'.
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